5108 Norwood Ave — Sale in Jacksonville, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Jacksonville, FL 32208

Description

14,415-square-foot freestanding former Walgreens at 5108 Norwood Ave in Jacksonville’s Urban Core. This 1.49-acre outparcel to Gateway Town Center sits at the signalized Norwood Avenue and 44th Street intersection, offering 58 parking spaces and two drive-thru lanes. Gateway Town Center draws more than 2 million visitors annually with traffic anticipated to surge year-over-year per Placer.ai, attracting national tenants alongside anchors including Winn-Dixie, Burlington, Planet Fitness and so many others. The property delivers fantastic accessibility from both corridors, multiple access points and prime proximity to Interstate 95, EverBank Stadium and Downtown Jacksonville. For additional information, please contact us.

Market Context

This retail in Jacksonville, FL is listed for sale. It has been on the market for 78 days. Compare it against other retail listings for sale in Jacksonville, FL — view the full market.

As of Q1 2026, the Jacksonville retail market showed cap rates around 7.6%. Source: multiple brokerage reports, Q1 2026.

Retail market FAQ

What is the typical cap rate for retail in Jacksonville?
About 7.6% as of Q1 2026, per multiple brokerage reports.

Estimated Market Rate

$113.36/SF – $153.36/SF

Mid: $133.36/SF

Rate estimator only; cost-of-business estimate unavailable.

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